secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001213900-23-097744
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID amends sales services pact with TPG; monthly fee rises to $98K through June 2024
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- Amendment effective Dec 19, 2023; monthly payment set at $98,000 for remainder of initial one-year term.
- Total consideration $574,000 for period Jan 1, 2024 to June 18, 2024 (co-termed with original agreement).
- TPG provides outsourced sales services; Ken Jisser, authID director, is TPG's founder and CEO.
- Amendment adds two full-time equivalent Business Development Representatives and a technology package.
- Agreement is a related-party transaction; prior amendments were dated June 6, 2023 and October 25, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023097744/0001213900-23-097744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023097744/ea190517-8k_authidinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-097744

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer